The CHF is currently the worst performing G10 currency in the year to date. Jane Foley, Senior FX Strategist at Rabobank, expects the EUR/CHF pair to test the 1.0915 in the coming weeks.
“The combination of data disappointments and the push back of various central banks against the reflation trade suggests ample scope for EUR/CHF to move back to the 1.0915 support level in the weeks ahead.”
“We see risk that EUR/CHF could struggle to move convincingly above 1.10 until the latter half of this year.”
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